During the first ten days of September weather was rather unfavorable for preparation of soil to start the winter rapeseed sowing. The reason was higher average daily temperature, which exceeded the norm by 1.1-6 C, contributing to soil evaporation, and lack of precipitations. Sufficient moistening of upper soil layer (21-30 mm) was observed only in…

16 regions of Ukraine started the planting campaign of winter grains. As of September 12, agrarians planted winter grains throughout 298 thousand ha (4% of the plan), as opposed to 293 thousand ha on the same date last year, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, Ukraine planted winter wheat…

Ukrainian farmers continue to harvest sunflower. As of September 7, 599 thousand ha or 10% of the intended area (5905 thousand ha) was threshed, up by 27% YoY (472 thousand ha). 1170 KMT of sunflower was obtained with the average yield of 1.95 MT/ha. In 2015 over the same period 913 KMT of sunflower was…

The U.S. has lifted some of its sanctions imposed on Russian defense company Rosoboronexport so that the countries are able to cooperate under a helicopter project, Zamir Kabulov, director of the Second Asian Department at Russia’s Foreign Affairs Ministry, said. “We supplied 63 Mi-17 helicopters to Afghanistan in the previous year and in the year…

Several Internet projects of the Runet, the Russian-speaking segment of the Internet, have beaten the country’s biggest TV channels by audience coverage, according to TNS study for June. Google led by monthly audience coverage with 88% and was followed by its local rival Yandex with 87.2% and social network VKontakte with 86%. YouTube had 82.7%…

According to the Federal State Statistics Service (Rosstat), in 2016/2017 MY the planted areas under soybeans in Russia will increase to the record level of 2.18 million ha (up by 3% YoY). According to APK-Inform forecasts, in 2016/2017 MY the general harvest of the oilseed will reach the record level of 2.71 million tons in…

Russia’s Federal Antimonopoly Service is not inclined to extend the period given to Google to fix its breaches on the local market of preinstalled application stores; still no final decision has been made, the authority’s Director Igor Artemyev said. “Now the official who made the corresponding decision should take steps. We will speak to that…

A Russian proposal to use its wheat stockpiles to supply aid to Syria may cut demand on the international market from the Middle Eastern country that’s estimated at more than 1 million metric tons this season. That has the potential to add to a glut that’s pushed prices near 10-year lows as a bumper harvest…

In June Russian exporters shipped more than 76 KMT of wheat bran, up by 82% YoY (about 42 KMT). In 2015/2016 Russia exported 17% more wheat bran than in the previous season (793.5 KMT against 679.6 KMT). Traditionally, Turkey remains the key importer of Black Sea bran. In 2015/2016 Turkey increased imports from Russia by…

As of September 12, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 37.4 million ha (on the same date in 2015 – 32.5 million ha), or 79.2% of the planned areas (47.3 million ha). The produced volumes reached 101 million tons of grains, with the average yield…

According to official data, as of September 12, Russian farmers had threshed 37.4 million ha (79.2%) of grains and legumes against 32.5 million ha on the same date in 2015. 101 MMT was harvested with average yield of 2.7 MT/ha (in 2015 – 81.5 MMT with 2.51 MT/ha). Wheat was threshed from 23.5 million ha…

VTB Bank is going to grant Amuragrocenter Ltd (Amursk region) a credit line of 400 million rubles for construction of soybean oil extraction plant on the territory of advanced development of Belogorsk. First funds from the bank were granted for this project in July 2015. Total sum of the project is 5.8 billion rubles. Project…

The Ministry of Agriculture of the Russian Federation stressed the deficit of capacities for grain storage in the Siberian region. Therefore, the Ministry plans to sell old crop grains in the form of humanitarian assistance or through any other channel, the Director of the Department of regulation of agricultural markets at the Ministry of Agriculture…

Russian President Vladimir Putin has all necessary information about a bribery case against executives of power producer T Plus, a part of multi-industry holding Renova Group, and former officials of the Komi Republic, spokesman Dmitry Peskov said. “In this case the president certainly has all necessary information, what is more from different sources”, Peskov said.…

There are conditions for the central bank to cut its key rate at the upcoming meeting on Friday, inflation is slowing, national top lender Sberbank CEO German Gref said. “On the whole, there are objective reasons for a key rate cut”, he said. “There is a problem that in the third and fourth quarters seasonal…

Kazakhstan specified three prospective markets for agricultural products supplying: the People’s Republic of China, the Russian Federation, and Iran, the Deputy Chairman of the Board of the National Chamber of Entrepreneurs of Kazakhstan Atameken Tulemis Shotanov declared. In particular, JSC NC Food Contract Corporation supplies more than 60% of its general export volumes of grains…

According to Kazakh Agrarian Ministry, over the last season Kazakh wheat exports to China were four times as high as in 2014/2015. In 2014/2015 MY 110 KMT was exported and in 2015/2016 the volumes reached 414 KMT. This became possible due to the possibility to transport grain in sacks as well as bulk according to…

Kazakhstan plans to export 8.5 million tons of grains in 2016/2017 MY, including flour in grain equivalent, the Deputy Chairman of Board of the National Company Food Contract Corporation JSC Sabit B. Kashkimbayev declared. In terms of the forecast grain harvest in the country, the export volumes will reach 8.5 million tons of grains, including…

Global oil demand growth is slowing at a faster pace than initially predicted, and supply will continue to outpace demand at least through the first half of next year, the International Energy Agency (IEA) said in a report. “Our forecast in this month’s Report suggests that this supply-demand dynamics may not change significantly in the…

Athens has offered Prometheus Gas, a joint venture of Russian gas giant Gazprom and Greece’s Copelouzos, to invest 700-800 million euros in the development of a coal field in the country’s north and expansion of a local power plant. The deposit’s resources are estimated at around 140 million tons of coal. Energy Minister Alexander Novak…

Finland has invested 100 million euros in Ukraine’s economy over the past twenty years, Finnish Foreign Trade and Development Minister Kai Mykkanen has stated at a briefing in Kherson Regional State Administration. “It is worth noting that Finland invested 100 million euros in Ukraine over the past twenty years”, Mykkanen said, adding that many Finnish…

Ukraine did not receive any notification from Egypt on the refusal of the Ukrainian wheat imports, the Ministry of Agrarian Policy and Food of Ukraine reported. According to the announcement, the ministry discussed the issue with the State Service of Ukraine on Food Safety and Consumer Protection. But they haven’t received any formal notification from…

As of September 5, all regions of Belarus started sowing winter grains. According to Belarusian AgMin, 93.3 thousand ha or 6.93% of the plan have been seeded. Sowing progress is considerably faster than last year. As of the same date in 2015 60.6 thousand ha had been sown (4.9%) This year farmers plan to increase…

Antonov state enterprise (Kyiv) intends in 2017 to provide 100% import substitution of Russian materials and components in the new generation Antonov airplanes promoted to the market, the press service of the company said, with reference to Antonov President Oleksandr Kotsiuba. “We plan next year to complete the program of import substitution of Russian components,…

The management of “Ukrainian Railways” intends to discuss with colleagues from Georgia and Azerbaijan cargo tariffs through the territory of countries in the framework of the project “Silk Road”, Ukraine’s Infrastructure Minister Vladimir Omelyan said. Ukraine launched the first experimental train from Ilyichivsk on January 15, to China, which was to run through Georgia, Azerbaijan…

Azerbaijan’s state oil company SOCAR will issue US dollar bonds for Azerbaijani citizens from September 20, said the company’s website. The bonds will be on sale till October 10. The nominal value of each bond is $1,000. The annual bond yield is 5%. Interest income is not taxable and will be paid quarterly. The bonds…